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  • Boston Office

    • RSF71,478,750 SF
    • Direct Vacancy6.3%
    • Total Availability12.6%
    • YTD Absorption810,400 SF
    • Avg.Rent$53.44/SF

    Boston’s direct vacancy rate remained unchanged at 6.3% this quarter. Quarterly absorption was slightly negative, however the annual total exceeded 810,000 square feet. Strong tenant demand continued to push asking rates.
    Boston Report.pdf »

  • Cambridge Office

    • RSF10,810,900 SF
    • Direct Vacancy1.4%
    • Total Availability6.7%
    • YTD Absorption230,100 SF
    • Avg.Rent$63.65/SF

    The Cambridge office market continued its strong growth with sound leasing velocity and asking rate growth throughout 2016. There is a severe lack of immediate availability across all of Cambridge's submarkets and direct vacancy measures under 2%.
    Cambridge Report.pdf »

  • Route 128 Office

    • RSF60,092,900 SF
    • Direct Vacancy10.5%
    • Total Availability16.2%
    • YTD Absorption295,400 SF
    • Avg.Rent$26.75/SF

    Route 128’s direct vacancy rate settled at 10.5% by year’s end. The market recorded just over 295,400 square feet of annual absorption, its sixth consecutive positive year.
    128 Report.pdf »

  • Cambridge Lab

    • RSF14,109,500 SF
    • Direct Vacancy0.8%
    • Total Availability4.4%
    • YTD Absorption303,250 SF
    • Avg.Rent$73.26/SF NNN

    Vacancy across the board is near record lows in all submarkets and asking rates are breaking through prior peaks with some rents cresting $80 PS triple net. The demand pipeline remains extremely full with a surging life science sector.
    Cambridge Report.pdf »

  • Interstate 495 Office

    • RSF42,456,100 SF
    • Direct Vacancy15.8%
    • Total Availability21.7%
    • YTD Absorption229,350 SF
    • Avg.Rent$19.99/SF

    Interstate 495’s direct vacancy rate settled at 15.8% at the conclusion of the fourth quarter. The market has achieved its highest occupancy point since the Dot-com boom.
    495 Report.pdf »